Q: Hello
Could you comment on CPX earnings?
Thank you very much.
Stephane
Could you comment on CPX earnings?
Thank you very much.
Stephane
5i Research Answer:
EPS of 87c beat estimates of 69c. Revenue of $984M beat estimates of $568M. EBITDA of $313M missed estimates by 1%. Revenue rose 5.9%. Higher production levels were offset by lower pricing in Alberta. While not overly eventful, investors should like the 'beat' and the stock is very cheap at only 10X earnings.